Brokerages Set Agilysys, Inc. (NASDAQ:AGYS) PT at $127.50

Agilysys, Inc. (NASDAQ:AGYS) has been given an average recommendation of “Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $127.50.

A number of analysts have recently commented on AGYS shares. Oppenheimer dropped their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Craig Hallum dropped their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. UBS Group set a $100.00 price objective on Agilysys in a research note on Wednesday, March 5th. Northland Securities upped their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC decreased their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the transaction, the director now owns 330,576 shares in the company, valued at approximately $43,156,696.80. This represents a 2.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Mutch sold 2,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently bought and sold shares of the business. Synergy Asset Management LLC boosted its stake in Agilysys by 19.1% during the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock worth $11,157,000 after purchasing an additional 13,785 shares during the last quarter. State Street Corp increased its stake in Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after acquiring an additional 43,760 shares during the last quarter. Geode Capital Management LLC raised its holdings in Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after acquiring an additional 336 shares during the period. Finally, Atria Investments Inc acquired a new position in Agilysys during the fourth quarter worth $315,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

AGYS stock opened at $73.11 on Wednesday. The firm has a 50-day moving average of $83.78 and a 200 day moving average of $108.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $2.04 billion, a P/E ratio of 91.39 and a beta of 0.98. Agilysys has a 1 year low of $71.37 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts forecast that Agilysys will post 0.8 EPS for the current year.

About Agilysys

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.